Variancesrepresent the difference between actual results and

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Variancesrepresent the difference between actual results and the expected results of anactivity or measure. Expected results are often referred to as budgets. One ofthe key methods that cost accountants use to measure performance is thevariance of actual performance against that of the budget for the period.Describe an example ofan activity that you would use variance analysis as a means to measure itsperformance over time. Include in your description which risks the use ofvariance analysis would pose to ensuring the example stays on track.Please make this 1-2 paragraphs and in APA format.Please include a reference page and site sources within thepaper.

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